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Business Insider·2 min read·medium

Students who attended 10 elite schools accused of price fixing are now getting payments from a $284 million settlement

Students who attended 10 elite schools accused of price fixing are now getting payments from a $284 million settlement
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Current and former students from 10 elite universities are receiving settlement payments averaging $2,000 each. This follows a 2022 antitrust lawsuit that accused the institutions of participating in a price-fixing cartel regarding financial aid.

Why it matters

The settlement highlights legal accountability for elite educational institutions regarding financial aid practices and student affordability.

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Payments started going out to current and former students who attended schools involved in a financial aid settlement. Joe Buglewicz/Bloomberg via Getty Images Current and former students of 10 elite schools are receiving payments from a $284 million financial aid settlement. Recipients are expected to receive an average of $2,000. It follows an antitrust lawsuit that accused schools of participating in a "price-fixing cartel." Check your bank account: you might be a couple of thousand dollars richer. On July 20, the first batch of payments to current and former students who attended 10 elite schools was distributed from a $284 million settlement.

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